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Job Details

Description

The Risk Manager is a member of the Commercial Banking Risk team, a front line unit risk function. The Risk Manager will support the risk program for Global Markets Foreign Exchange/Interest Rate Company website Risk Manager is responsible, along with business unit management, for establishing and monitoring the risk program for all aspects of material risk related to how these functions develops, launches, sells and processes products and services. Under direction, determine if actions need to be taken to strengthen risk management or reduce risk given performance against the business unit’s risk profile and Company website Risk Manager is responsible for developing and maintaining an effective end to end risk management program including risk identification, assessment and quantification, aggregation reporting, monitoring and control improvement for Global Markets. This includes ensuring the risk management framework, processes and practices executed comply with internal policy and US Regulatory requirements and Company website as lead for exam for product / function under review. Maintains strong relationships with the second line of defense, Internal Audit and the Company website as a technical expert on one or more business processes or regulatory areas impacting Commercial Lending functions.

Responsibilities Include (but are not limited to):

Manages all aspects of risk and assesses, on an ongoing basis, the material risks associated with how business unit's activities and productsare developed, launched, sold and processed end to end. Under direction, determine if actions need to be taken to strengthen risk management or reduce risk given performance against the business unit’s risk profile and tolerances. Responsible for developing and maintaining an effective end to end risk management program including control effectiveness measures for one or more segments of Commercial's product /capability groups and client and industry infrastructure. Responsible for issue management including partnering with business leaders to develop action plans that will deliver intended outcomes within defined timelines while identifying themes and related holistic remediation plans.

Provides day to day support to the business unit(s) providing knowledge and expertise on the appropriate implementation of Regulations, Rules and industry standards through procedures, other guidelines, and industry best practices. Provides regulatory expertise and solutions on complex risk and compliance issues based upon understanding of business unit's activities and products. Also acts as technical expert on one or more business processes or regulatory areas impacting Global Markets.

Advise on new products, initiatives and strategies from a risk and control perspective; guide the business unit(s) through the various governance approvals related to new initiatives; liaise with other risk areas and operations to ensure processes are designed with proper controls; and advocate on the business lines behalf to ensure effective and timely incorporation of risk management into everyday operations.

Acts as lead for exam for product / function under Company websiteins strong relationships with the second line of defense, Internal Audit and the Regulators.

Participate in risk and product related initiatives to meet corporate, divisional and business line objectives.

Qualifications

Experience and Skills:

5+ years Risk management experience gained from working in financial services industry and with risk and control self assessment program elements

Good understanding of FX/Derivatives transaction processing from trade execution to settlement including familiarity with the associated market risk for these products

Familiarity with DFA and Volcker regulatory compliance

Knowledge of internal controls and risk and control self assessment processes

Experience in an organization that is under strong regulatory oversight and scrutiny, particularly within Commercial Banking

Strong business writing skills

Analytical thinking skills

Ability to effectively communicate with all levels of the organization

Project management skills to support multiple assignments on behalf of various stakeholders

Coaching and developing staff on project basis

Proficient use of MS Word, MS Excel and PowerPoint and Visio

Education:

Bachelor's degree required

Hours & Work Schedule

Hours per Week: 40

Work Schedule: M-F 8:00-5:00

Why Work with Us

At Company, you’ll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.

Equal Employment and Opportunity Employer/Disabled/Veteran

It is the policy of Company to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.

Equal Opportunity & Affirmative Action Employer Disabled/Veteran

Company is a brand name of Company, N.A. and each of its respective subsidiaries, and Company of Pennsylvania.

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